The United States, Canada, and Mexico are working to come to a deal as renegotiations continue on the North American Free Trade Agreement.
Main points of the deal include revamped dispute resolution agreements and auto manufacturing and trade updates.
Texas A&M Bush School of Government and Public Service political economist Raymond Robertson studies and teaches international trade and Latin American trade economics. He says, there are pros, cons, and unknowns to the current trade talks.
"For one, a lot of jobs in Texas are specifically linked to trade with Mexico and Canada," said Robertson. He says it's unclear at this time exactly how these negotiations could affect those jobs.
"Second, consumers have been benefiting a lot from the lower prices that the trade agreements have brought about," Robertson said. "These new requirements of raising domestic content and raising wages could mean an increase in prices for the local consumers, and it might make North America, as a trading block, less competitive on the world market."
However, Robertson points out the potential benefits, particularly those that President Donald Trump promised during his presidential campaign.
"The increase in domestic content, which wasn't that big of a change, but what it's designed to do is encourage more production here in the United States," said Robertson, "which might mean more jobs--at least in the short run--especially for Texans."
For the full conversation, see the video player above.